Grasp, a UK-based online learning platform aiming to increase the rate at which humans learn, has raised $4 million in a seed round led by Balderton Capital. Other investors, including Point9, Moonfire and Mozilla, backed the funding round. With this new fundraising, the startup intends to develop its platform further and expand the team with key product, data science, and engineering hires.
Founded by early Revolut employees Ed Matthews and Jacob Sidorov, Grasp’s comprehensive educational platform helps people accelerate their learning, deepen their knowledge, and expand their skill sets. The platform will start with modern vocational skills like programming. The company’s mission is to be the centre of learning, able to take anyone from novice to master in a field ASAP. It currently has a waiting list to sign up for a beta test of the platform.
Sharing about the company, Founder & CEO of Grasp, Ed Matthews, said:
The user experience as an adult learner sucks! Whether we’re learning to solve specific problems at work or trying to modernise our skill sets, learning could be more convenient, impersonal, and high friction. Team Grasp is the A-players fixing that.
Commenting on the investment, Partner of Balderton Capital, Daniel Waterhouse, said:
We are excited to work with Ed again on his highly ambitious plan to transform self-learning in a world where skill set requirements are constantly changing, and people are hungry to learn and adapt.
In April this year, Grasp raised an undisclosed amount in non-equity assistance from AWS Space Accelerator.